Bullish Trend Analysis
The Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. Tickeron A.I. detected that in 40 of 53 cases where OC's Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 81%.
The moved above the 0 level on September 18, 2020. You may want to consider a long position or call options on OC as a result. In 63 of 92 past instances where the moved above 0, the stock continued to climb. The odds of a continued upward trend are 68%.
Following a +3.33% 3-day Advance, the price is estimated to grow further. Considering data from situations where OC advanced for three days, in 237 of 358 cases, the price rose further within the following month. The odds of a continued upward trend are 66%.
OC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Indicator entered an Uptrend today. Tickeron A.I. detected that in 188 of 263 cases where OC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 71%.